2017 BMW 3 Series Gran Turismo Insurance Rates – 8 Tips for Cheaper Quotes

Want better insurance rates for your BMW 3 Series Gran Turismo? Expensive insurance can empty your checking account, especially in this economy. Shopping your coverage around can be a smart way to cut your insurance bill.

Due to the abundance of insurance companies to choose from, it is hard for the average consumer to locate a lower cost insurance company.

It’s smart to compare rates quite often because insurance prices are rarely the same from one policy term to another. If you had the lowest rate on 3 Series Gran Turismo coverage a couple years back you will most likely find a better premium rate today. Ignore everything you know about insurance because you’re about to find out the only way to eliminate unnecessary coverages and save money.

Shopping for affordable protection is quite easy. If you have a current auto insurance policy or are looking for a new policy, you can learn to get lower rates and possibly find even better coverage. Vehicle owners only need an understanding of the proper way to compare prices on the web.

Finding car insurance

Finding a better price on car insurance is not a difficult process. Drivers just need to take a few minutes comparing free insurance coverage quotes online with multiple companies. Shoppers can get rates in several different ways.

  1. If you’re in a hurry, the quickest way consumers can analyze rates is an all-inclusive rate comparison (click to open form in new window). This method saves time by eliminating separate forms for every prospective company. One quote request gets prices estimates from multiple low-cost companies.
  2. A more time consuming way to shop for car insurance online is to take the time to go to the website for each individual company and complete a new quote form. For examples sake, we’ll pretend you need rates from Progressive, Farmers and Allstate. You would need to visit each site and repeatedly enter your information, and that explains why we recommend the first method. For a list of links to companies insuring cars in your area, click here.

The approach you take is up to you, just try to keep the same coverage data for every company. If you use different deductibles it will be nearly impossible to determine the lowest rate for your BMW 3 Series Gran Turismo.

Misconceptions in car insurance advertisements

Consumers can’t escape the ads for cheaper car insurance from companies such as Allstate, GEICO and Progressive. All the ads make the point that drivers can save some big amount if you get a free insurance coverage quote and switch your policy.

Is it even possible that every company can offer you a better deal? It’s all in the numbers.

Most companies look for specific characteristics for the type of driver that will most likely be profitable. A good example of a driver they prefer might be described as a mature driver, has never had a claim, and drives a safe vehicle. Any customer that hits that “sweet spot” is entitled to the best price and is almost guaranteed to cut their rates if they switch.

Insureds who may not quite match the requirements may be forced to pay a higher premium and the customer not buying. Company advertisements say “people that switch” not “everybody who quotes” can save as much as they claim. That is how insurance companies can confidently make the claims of big savings.

Because of this risk profiling, you really should do a price quote comparison at every renewal. It’s just not possible to know the company that will provide the lowest prices.

Cheaper auto insurance rates with discounts

Auto insurance is easily one of your largest bills, but you might find some hidden discounts that can dramatically reduce your bill. Many discounts should be triggered when you purchase, but a few must be asked about before you get the savings.

  • Low Mileage – Maintaining low annual mileage could qualify for substantially lower prices.
  • Homeowners Savings – Being a homeowner can help you save on auto insurance since owning and maintaining a home is proof that your finances are in order.
  • Discounts for Multiple Vehicles – Buying coverage for primary and secondary vehicles with the same company can reduce rates for all insured vehicles.
  • Telematics Devices – People who choose to allow data collection to track their driving habits remotely like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease if they show good driving skills.
  • Theft Deterent – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are stolen less frequently and can earn a small discount on your policy.
  • Good Student – Performing well in school could provide a savings of up to 20% or more. This discount can apply until age 25.
  • Full Payment Discount – If you pay your entire premium ahead of time instead of making monthly payments you can avoid monthly service charges.
  • Claim Free – Insureds who avoid accidents and claims have much lower rates as compared to frequent claim filers.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Some only apply to individual premiums such as medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, that’s just not realistic.

Some of the insurance companies that may have some of the discounts shown above may include but are not limited to:

When getting free insurance coverage quotes, it’s a good idea to each insurance company which discounts can lower your rates. Savings may not apply to policies in your area. To see a list of providers with discount auto insurance rates, follow this link.

Tailor your insurance coverage to you

When it comes to buying adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Each situation is unique so your insurance should reflect that For example, these questions can help discover if your situation would benefit from an agent’s advice.

  • How much can I save by bundling my policies?
  • Am I covered if I drive in a foreign country?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is extra glass coverage worth it?
  • When should I drop full coverage on my 2017 BMW 3 Series Gran Turismo?
  • Am I covered when using my vehicle for business?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Insurance coverage breakdown

Understanding the coverages of insurance aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages offered by insurance companies.

Coverage for liability

Liability coverage can cover injuries or damage you cause to people or other property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims like legal defense fees, court costs, funeral expenses, medical expenses and medical services. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

Collision coverage protection

This coverage will pay to fix damage to your 3 Series Gran Turismo resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a building, colliding with a tree, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

UM/UIM Coverage

This provides protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like falling objects, damage from getting keyed and damage from flooding. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses for things like dental work, funeral costs, surgery, nursing services and chiropractic care. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Best coverage at the best price

Throughout this article, we presented many ideas to reduce 2017 BMW 3 Series Gran Turismo insurance premium rates online. The key concept to understand is the more quotes you get, the better likelihood of getting the cheapest insurance coverage. Consumers may even find the lowest priced insurance comes from a company that doesn’t do a lot of advertising. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

As you shop your coverage around, do not reduce needed coverages to save money. There are many occasions where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

For more information, take a look at the resources below: